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Sonic R. System

  • #33,921
  • Apr 23, 2012 10:47am Apr 23, 2012 10:47am
Quoting duyk20
I'm waiting for you LIVE trade
yoo man thank u too for ya support in these hard knock life ...

so I don´t like the demand on m15 at the time - to all there are interested in my analyses - please take a look on m15 on the last 4 bars - the reaction is too sluggish for me --- sometimes I miss a train - but that is better - if I loose something. So my decission is - I will take a look on the asia open to find a setup for long. (but never fix it in ya mind - yo have to open for all) hope it is helpfull for someone to understand my watch too the market.

see us @ asia open

- I like it to start with obersavtion 1 hour before asia will open.

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #33,922
  • Apr 23, 2012 12:04pm Apr 23, 2012 12:04pm
Quoting enigma4x
yoo man thank u too for ya support in these hard knock life ...

so I don´t like the demand on m15 at the time - to all there are interested in my analyses - please take a look on m15 on the last 4 bars - the reaction is too sluggish for me --- sometimes I miss a train - but that is better - if I loose something. So my decission is - I will take a look on the asia open to find a setup for long. (but never fix it in ya mind - yo have to open for all) hope it is helpfull for someone to understand my watch too the market.

see us @ asia open

-...
cya
  • #33,923
  • Apr 23, 2012 12:20pm Apr 23, 2012 12:20pm
Quoting Konata
I dont understand then... Why are you showing your ideas and trades, with no intention to share? Whats the purpose of putting it in public then?

You post, but with no value to anyone but to show that you are right with your own methods and ideas. And when there are people who are genuinely interested in your method and ideas, you refuse to share.

So once again, whats the purpose?
Look on his chart !!! There is even placed 2 vertical lines to give you a clue. It is VSA trade !!!!!! No volume on Up move !!!! and raising volume on sale !!!!!!!
  • #33,924
  • Apr 23, 2012 12:23pm Apr 23, 2012 12:23pm
Quoting sonicdeejay
Just back from a photo shoot from a friend house..
I think I earned more as I trade less..


Sonic
Beautiful
  • #33,925
  • Apr 23, 2012 12:26pm Apr 23, 2012 12:26pm
enigma4x VSA club ?
  • #33,926
  • Apr 23, 2012 1:20pm Apr 23, 2012 1:20pm
Far too many times Forex traders get into the market without the right reason, or for that matter, without a good enough reason. Usually the emotion factor is driving the trade, such as greed or fear of missing out on a potential profitable trade…
That’s why it is so important to have a right reason to take a trade, instead of chasing after the market like a chicken without a head…

In a fair game, as defined by 2 players with the same odds, or neither one has an advantage over the other; it is proven that the one with the biggest purse will win the game. In Forex Trading however, it is NOT a fair game for Retail Traders because:

1- We enter the market at an immediate loss due to spreads
2- We have limited margin accounts
3- We use methods that are well-known and studied by traders all over the world, and
4- There are so many underlying factors that move the market and no one can be certain at times.

That is why we need to identify The Real Reason behind our trading decisions. Ask yourself why are you in this particular trade.

(copy from Henry Liu)
  • #33,927
  • Edited 5:31pm Apr 23, 2012 2:46pm | Edited 5:31pm
Quoting jayjonbeach
Can someone post a chart for Cable? I don't think anyone has and I don't have the Sonic Template working yet.

I think it might be a good short trade according to my Daily analysis, though it could be a bit late.

TIA
Here is what I am talking about. You see a confluence of resistance, 4 things in total (could be more) including a Trendline that is a full year old. Price is setting up a hanging man candle, which will need to be confirmed. There is a decent chance price is going to get rejected at this level, and a nice SonicR setup should arise. (likely only if USD also holds above it's 8 month old upward TL as well)

Someone please post the 15minute chart with the SonicR template for all to see.

Let the market decide, of course, I think it is a prime setup and should produce a nice short setup with SonicR (or 2 or 3, I would want to take this just based on Daily and hold it or H1 at least, nice tight SL possible too, great R:R).
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  • #33,928
  • Apr 23, 2012 5:10pm Apr 23, 2012 5:10pm
U're right. thx.

Quoting jayjonbeach
Nice results on your trades. Personally I would have put my SL much lower (above last high or just above the Dragon) than you did on your 2nd trade (thought it was good in 1st trade) but SL's can be a personal thing.
Here is the chart. it's 5 am here.
Seems like a good long setup now, but it's not london session. So i pass it and better follow the rule than sorry (but my hand is itchy to click "buy" button , so i better jogging now than watching the chart )

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  • #33,929
  • Apr 23, 2012 5:27pm Apr 23, 2012 5:27pm
Quoting Conorado
U're right. thx.

Here is the chart. it's 5 am here.
No no the Cable chart! (GBP/USD, see my charts above)

TIA
  • #33,930
  • Edited 5:45pm Apr 23, 2012 5:35pm | Edited 5:45pm
Quoting jayjonbeach
Here is what I am talking about. You see a confluence of resistance, 4 things in total (could be more) including a Trendline that is a full year old. Price is setting up a hanging man candle, which will need to be confirmed. Chances are price is going to get rejected at this level, and a nice SonicR setup should arise. (only if USD also holds above it's 8 month old upward TL)

Someone please post the 15minute chart with the SonicR template for all to see.

Like the market decide, of course, I think it is a prime setup and should produce a nice...
MASTER Sonicdeejay hit the nail square on the head when he said Monday, "Last Friday Move was nothing but a trap to get shorts sucked,, ". His statement was accompanied by a EU chart, but the sentiment is accurate to other USD pairs as well, such as GU.

From a price-volume picture, using M30 to more clearly show it, Friday the price of GU was driven up on heavy trading, but with the heaviest trading at the higher prices. This implies the Pump & Dump strategy by the BBs. And when this week of trading opened, at the FO/LO and even after the US open, there was also heavy trading on drives down, followed by lighter activity restoring prices higher again. This too, is a sign of "dumping", the closing of longs or the opening of shorts. This lighter activity used to pump the price back up for another round of selling off is most easily seen after the US open traders made their first high activity selloff.

Personally, and I stated as much last week, I believe the market went bullish USD some time ago, but that it is using it's power of price manipulation to get maximum profits from it's long positions and to build it's short positions with the highest average price possible, within reason of course. Hence, while being bullish USD, it has continued it's pressure on the USD with repeated anti-USD moves on USD pairs. And all this is to simply maximize profits on long positions while scaling out, and to build short positions at higher prices.

All of this does not matter, nor does any confluence of technicals on high TF charts. What matters is what sets up on M15 come each London session. Whether the market is secretly bull or bear, or openly bull or bear, moves in both directions can result in tradeable SonicR setups. And we might only see and have confidence in the setups if we do not have a bias to blind us. The chart below tells a story, but is it the last chapter of the story, or are there more to come? Nobody knows.

-tah
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  • #33,931
  • Apr 23, 2012 5:54pm Apr 23, 2012 5:54pm
Thank you for the chart and your market analysis TAH
  • #33,932
  • Apr 23, 2012 9:45pm Apr 23, 2012 9:45pm
Quoting jayjonbeach
Let the market decide, of course, I think it is a prime setup and should produce a nice short setup with SonicR (or 2 or 3, I would want to take this just based on Daily and hold it or H1 at least, nice tight SL possible too, great R:R).
Since we've now brought focus on it, just thought I'd add this H1 chart as it's just so juicy. Just look at it packed into a corner here, it doesn't really matter which way it breaks, its a very nice low risk setup no matter how you cut it.

It seems many things are setup and waiting for the FED on Wed, at least "seems" to be...

Hopefully I can join in the fun next week with SonicR charts once I jump through all the Broker hoops.
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  • #33,933
  • Apr 23, 2012 9:45pm Apr 23, 2012 9:45pm
I agree with you TAH. the charts looks like dounle top for me. even last friday it looks like double top to. but this is over the edge. Based on that monday market. I am assuming( maybe not right to follow) that the GU is still strong and going up. Alot of things try to pull it down but still the GU is strong for that. judging by the candle of monday on a daily tf.

Based on the forecast if FF. If the forecast is true the in the london session the GU will move down a lil bit and spike up when the news of USD release. I am just assuming maybe i am wrong but i could be right too. happy pipping guys.
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Money Management and Patience is the Key
  • #33,934
  • Apr 23, 2012 10:33pm Apr 23, 2012 10:33pm
Quoting scuderia
I agree with you TAH. the charts looks like dounle top for me. even last friday it looks like double top to. but this is over the edge. Based on that monday market. I am assuming( maybe not right to follow) that the GU is still strong and going up. Alot of things try to pull it down but still the GU is strong for that. judging by the candle of monday on a daily tf.

Based on the forecast if FF. If the forecast is true the in the london session the GU will move down a lil bit and spike up when the news of USD release. I am just assuming maybe i...
My best entries point try fade false break up
Please note the "typical" move in past highs
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  • #33,935
  • Apr 23, 2012 11:44pm Apr 23, 2012 11:44pm
Hi guys.

I'm going to start posting some live trades from now on to generate some discussion and help myself and others improve.

Just a quick question regarding the new template. My broker is Oanda. I was wondering how I adjust the charts so I have the times correct. It may seem like a simple question but this isn't my area of expertise.
  • #33,936
  • Apr 24, 2012 12:01am Apr 24, 2012 12:01am
Price creeping above Dragon for now..
See what LO brings..

Sonic
  • #33,937
  • Apr 24, 2012 2:16am Apr 24, 2012 2:16am
London Open
  • #33,938
  • Apr 24, 2012 2:54am Apr 24, 2012 2:54am
I wonder what caused that spike there on JPY pairs, my sonic R entry was hit on EURJPY however ive just closed it just under the daily pivot for 21+ pips, not a fan of spikes!

EDIT - Nevermind, I'm guessing it was this release. http://talking-forex.com/headlines/124216
http://www.forexfactory.com/news.php?do=news&id=356163
  • #33,939
  • Apr 24, 2012 3:44am Apr 24, 2012 3:44am
in position to Scary for Long and to afraid for Short

7 days up trend its look a wierd ..

wait a minutes
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  • #33,940
  • Apr 24, 2012 3:59am Apr 24, 2012 3:59am
I'm liking the look of the Aussie we get a bullish move out of the dragon. Some ok volume at the lower levels driving price up after poor economic data this morning.
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